Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,735,982

• 1e · Government grants (contributions)

  $750,000

• 1f · All other contributions, gifts and grants

  $8,045,127

• 1g · Noncash contributions included above

  $1,050,985

• 3 · Investment income

  total $3,649,503 · excluded $3,649,503

• 7a · Gross sales of assets other than inventory

  securities $2,036,790

• 7b · Less cost or other basis and sales expenses

  securities $1,152,177

• 7c · Gain or loss

  securities $884,613

• 7d · Net gain or loss

  total $884,613 · excluded $884,613

• 8a · Fundraising events: gross income

  $702,477

• 8a · Fundraising events: contributions included on line 1c

  $1,735,982

• 8b · Fundraising events: direct expenses

  $1,202,556

• 8c · Net income from fundraising events

  total -$500,079 · excluded -$500,079

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,464,191 · program services $8,464,191

• 5 · Compensation of officers, directors and key employees

  total $769,908 · management and general $769,908

• 7 · Other salaries and wages

  total $2,573,188 · management and general $476,822 · fundraising $2,096,366

• 8 · Pension plan contributions

  total $235,581 · management and general $78,295 · fundraising $157,286

• 9 · Other employee benefits

  total $473,835 · management and general $193,544 · fundraising $280,291

• 10 · Payroll taxes

  total $267,397 · management and general $89,017 · fundraising $178,380

• 11b · Fees: legal

  total $1,763 · management and general $1,763

• 11c · Fees: accounting

  total $1,199 · management and general $1,199

• 11f · Fees: investment management

  total $67,820 · management and general $67,820

• 11g · Fees: other

  total $697,433 · management and general $10,331 · fundraising $687,102

• 12 · Advertising and promotion

  total $64,326 · management and general $1,039 · fundraising $63,287

• 13 · Office expenses

  total $222,778 · management and general $11,916 · fundraising $210,862

• 14 · Information technology

  total $1,647 · management and general $1,647

• 16 · Occupancy

  total $259,944 · management and general $10,101 · fundraising $249,843

• 17 · Travel

  total $7,846 · management and general $635 · fundraising $7,211

• 19 · Conferences, conventions and meetings

  total $2,811 · management and general $514 · fundraising $2,297

• 20 · Interest

  total $1,055 · management and general $1,055

• 23 · Insurance

  total $7,265 · management and general $7,265

• 24a · Other expenses: MISCELLANEOUS

  total $165,059 · management and general $231 · fundraising $164,828

• 24b · Other expenses: PERMITS, LICENSES, AND

  total $11,738 · management and general $1,275 · fundraising $10,463

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,728,607 · end of year $6,859,238

• 2 · Savings and temporary cash investments

  beginning of year $4,179,781 · end of year $6,658,680

• 3 · Pledges and grants receivable

  beginning of year $9,645,305 · end of year $9,223,194

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,170 · end of year $7,183

• 11 · Investments: publicly traded securities

  beginning of year $71,927,333 · end of year $77,882,545

• 12 · Investments: other securities

  beginning of year $295,000 · end of year $295,000

• 17 · Accounts payable and accrued expenses

  beginning of year $43,350 · end of year $5,357

• 25 · Other liabilities

  beginning of year $11,588,336 · end of year $15,704,412

• 27 · Net assets without donor restrictions

  beginning of year $63,633,670 · end of year $65,349,997

• 28 · Net assets with donor restrictions

  beginning of year $17,518,840 · end of year $19,866,074

The filer's explanations (Part III)

PART I, LINE 1A

OFFICERS AND KEY EMPLOYEES WERE PROVIDED ADDITIONAL COMPENSATION TO OFFSET THE TAX IMPACT OF EXECUTIVE LIFE INSURANCE AND LONG TERM DISABILITY PREMIUMS MADE ON THEIR BEHALF. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THESE INDIVIDUALS.

PART I, LINE 4A

DURING CALENDAR YEAR 2024, VALERIE BONHAM RECEIVED SEVERANCE PAYMENTS TOTALING $327,600.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MADISON GROUP VENTURES INC

  C · RESEARCH AND DEVELOPMENT · MD

• CHARITABLE REMAINDER TRUSTS (3)

  T · CHARITABLE REMAINDER TRUSTS · MD